Inside UBS’s takeover of Credit Suisse
Behind the Money
00:00
UBS's Effort to Save Credit Suisse
UBS has been steadfast in its position that it does not want to merge with Credit Suisse. They don't want any part of what they think is a quite rancid culture over at Credit Suisse, but ultimately when your government comes to you and says, we want you to do this, you have limited room for manoeuvre. So UBS sets about trying to get itself the best deal it can - one that protects it and its shareholders from any of the toxicity that might come across from Credit Suisse as part of it. The first Colin Kelleher found out about it was at 4 p.m. on Thursday, the following day when he was instructed that the government and
Transcript
Play full episode
